Tommy Inc. raises funds through issuing a stock which promises investors a $2 dividend the first year and promises to increase the dividend by 5% every year thereafter.

If Tommy Inc. announces that dividends are instead only going to increase by 2% per year due to Covid, the market price of the stock would [ Select ] ["be unaffected", "increase", "decrease"] .

If Tommy Inc. announces that market conditions improved (vaccines are introduced) and hence, the expected return of similar-risk investments improve, the expected stock price for Tommy Inc. would [ Select ] ["be unaffected", "decrease", "increase"] .

If Tommy Inc. announces that demand was higher than expected during the year and the first dividend was instead going to be $2.50, the market price of the stock would [ Select ] ["increase", "decrease", "oscillate"] .